THE STEPS TO OWNING YOUR OWN BUSINESS

1. MEETING WITH YOUR BUSINESS BROKER
   - To determine your skills, interests, goals and financial needs.
2. SELECTION OF BUSINESSES FOR YOU TO VISIT
   - The best opportunities based on the information you have provided during the above meeting.
3. TOUR OF THE SELECTED BUSINESSES
   - Tour is accomplished while maintaining the highest degree of confidentiality that the business is for sale.
   - Always accompanied by a Business Resource Center representative.
4. RETURN TO BUSINESS RESOUCE CENTER OFFICE
   - Discuss the visited business as to your likes, dislikes and concerns.
   - Review the financial summaries of those businesses toured that appealed to you.
5. MAKE EARNEST MONEY PROPOSAL ON DESIRED BUSINESS
   Usually 10% of the down payment.
   The Earnest Money is held in Business Resource Center's Trust Account.
   Contingencies and conditions in proposal may include:
   - A Proof of sales and expenses by the Seller.
   - Training period from the Seller.
   - Covenant not to compete from the Seller (time and area).
   - Approval of the franchise agreement if necessary.
   - The ability to obtain an adequate lease on the business property.
   - The Earnest Money is returned to you if the contingencies are not realized.
   - If you are satisfied with the results of your due diligence, your Earnest Money simply becomes a part of your initial investment in the business.
6. IN-DEPTH INSPECTION OF THE BUSINESS BY YOU
   - Review the supporting financial information provided by the Seller. - Inspect the Furniture, Fixtures and Equipment of the business.
   - Remove satisfied contingencies in Earnest Money Proposal and approve Authorization to Close.
7. REQUEST CLOSING DOCUMENTS FROM ESCROW ATTORNEY
   - Request made only after Authorization to Close is approved.
   - You and the Seller equally share closing costs of $800-1200, or $400-600 each, when the documents are ordered.
   - Review of all closing documents prior to closing for your complete understanding.
8. INVENTORY APPROVED BY YOU AND THE SELLER
9. SIGN THE CLOSING DOCUMENTS - CONGRATULATIONS, YOU HAVE NOW ACHIEVED A REAL AMERICAN DREAM!